Layoffs at Sana

In a blog post, Will Young, CEO and co-founder of Sana Benefits, announced layoffs that will impact ~19% of employees.

Founded in 2017, Sana provides health insurance for small and midsize businesses and plans are available to employers with an office location in Texas, Illinois, Kentucky, Arizona, Oklahoma, Ohio, Indiana, Wisconsin, Alabama, and Virginia.

The startup has raised over $100 million to date from various investors including American Family Ventures, and according to LinkedIn data, it had around 270 employees prior to these layoffs.

“Our company is fundamentally well-positioned to weather downturns — we offer customers a unique value proposition to significantly save on healthcare costs with a better customer experience. However, we need our investments to reflect the realities of the current macroeconomic environment and funding climate. This means re-orienting our company for leaner times today so we can continue delivering on our mission decades from now.” – Will Young.